Florida is one of the most popular locations for foreign investors to buy real estate, while purchasing an overall total of $102 Billion in U.S. real estate between April 2015 and March 2016. Accordingly, Chinese investors have targeted Florida for real estate investing, with Tampa as one of the top U.S. cities to invest.
In a recent article in Juwai.com, a Chinese publication, there are 4 reasons why Florida is the next big thing for Chinese buyers. So, we thought we would also chime in on the reasons Chinese real estate investors choose to buy investment properties in Florida.
#1 Great Value
It’s important for all real estate investors to find substantial value in the investment properties they purchase. However, this is especially important for foreign investors, since they put their capital at risk in another part of the world.
This is exactly why Chinese investors, in addition to real estate investors from many other nations, choose to purchase investment property in Florida.
Florida features 7 of the top 20 cities for real estate investing, according to Forbes in 2016. This assessment takes into account jobs, population growth, and home price growth.
Florida cities are especially attractive to Chinese investors who have seen property prices soar in cities like Shanghai and Hong Kong. Therefore, it’s no longer feasible for many Chinese real estate investors to purchase property in Chinese cities, which makes the affordable homes in Florida extremely appealing.
#2 Lifestyle & Quality of Life
There’s no denying that Florida is one of the most alluring U.S. states when it comes to lifestyle. That’s why retirees flock to Florida, and families from across the world visit Florida to vacation. Florida’s world-class cities feature some of the best beaches in the world, in addition to beautiful golf courses and famous amusement parks.
Like Americans, many wealthy Chinese investors want to be surrounded by beautiful ocean views, so Florida is the perfect place to invest in properties where they may eventually want to live.
Furthermore, many health-conscious people in China are searching for a place to live with a higher quality of life. Florida is a great alternative for those Chinese citizens and people of any nation seeking a healthy place to live.
Finally, Florida is a great place for people to retire. Residents enjoy the beaches, the beautiful weather, and a world-class education infrastructure that is especially enticing to Chinese citizens who want their children to attend an American university.
#3 Ease of Travel
In the past, it was difficult for people in China to get to Florida. The flights were long, inconvenient, and pricey. However, that’s all changing.
More and more, Florida officials are pushing to create non-stop flights from China to Florida. Officials from both Miami and Tampa have been in talks with Chinese airlines in an effort to bring faster travel between the two areas.
As flights between Florida and China become more accessible, increasing numbers of Chinese citizens will be able to visit the Sunshine State. And in hot real estate markets like Tampa Bay, these numbers should be even higher.
Graystone Investment Group
Graystone Investment Group is an experienced real estate wholesaler in Tampa Bay. We serve local and international clients who flip homes in as little as 30 days, as well as clients who hold high cash flowing rental properties.
Unlike other wholesaling groups, we provide clients with a turnkey process at no extra charge. We find properties that we resell to investors at discount prices, while also connecting them with private financing. We also coordinate with rehab and management companies we’ve worked with for years.